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Fair Value Accounting (Tables) | 9 Months Ended
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Sep. 30, 2018
Fair Value Accounting [Abstract] |
Schedule of assets and liabilities measured at fair value on recurring basis |
|  | September 30, 2018
(dollars in thousands) |  | Level 1 |  | Level 2 |  | Level 3 |  | Total
Assets |  |  |  |  |  |  |  |  |
Securities available for sale |  |  |  |  |  |  |  |  |
US government agencies |  | $ | - |  | 8,634 |  | - |  | 8,634
SBA securities |  |  | - |  | 3,472 |  | - |  | 3,472
State and political subdivisions |  |  | - |  | 8,372 |  | - |  | 8,372
Asset-backed securities |  |  | - |  | 6,586 |  | - |  | 6,586
Mortgage-backed securities |  |  | - |  | 39,822 |  | - |  | 39,822
Mortgage loans held for sale |  |  | - |  | 9,298 |  | - |  | 9,298
Interest rate lock commitments |  |  | - |  | 189 |  | - |  | 189
MBS forward sales commitments |  |  | - |  | 54 |  | - |  | 54
Total assets measured at fair value on a recurring basis |  | $ | - |  | 76,427 |  | - |  | 76,427
|  | December 31, 2017
|  | Level 1 |  | Level 2 |  | Level 3 |  | Total
Assets |  |  |  |  |  |  |  |  |
Securities available for sale: |  |  |  |  |  |  |  |  |
US government agencies |  | $ | - |  | 8,653 |  | - |  | 8,653
SBA securities |  |  | - |  | 4,063 |  | - |  | 4,063
State and political subdivisions |  |  | - |  | 11,396 |  | - |  | 11,396
Mortgage-backed securities |  |  | - |  | 43,491 |  | - |  | 43,491
Mortgage loans held for sale |  |  | - |  | 11,790 |  | - |  | 11,790
Interest rate lock commitments |  |  | - |  | 196 |  | - |  | 196
Total assets measured at fair value on a recurring basis |  | $ | - |  | 79,589 |  | - |  | 79,589
Liabilities |  |  |  |  |  |  |  |  |
MBS forward sales commitments |  | $ | - |  | 28 |  | - |  | 28
Total liabilities measured at fair value on a recurring basis |  | $ | - |  | 28 |  | - |  | 28
Schedule of assets and liabilities measured at fair value on nonrecurring basis |
|  | As of September 30, 2018
(dollars in thousands) |  | Level 1 |  | Level 2 |  | Level 3 |  | Total
Assets |  |  |  |  |  |  |  |  |
Impaired loans |  | $ | - |  | 1,391 |  | 8,339 |  | 9,730
Other real estate owned |  |  | - |  | 23 |  | 94 |  | 117
Total assets measured at fair value on a nonrecurring basis |  | $ | - |  | 1,414 |  | 8,433 |  | 9,847
|  | As of December 31, 2017
|  | Level 1 |  | Level 2 |  | Level 3 |  | Total
Assets |  |  |  |  |  |  |  |  |
Impaired loans |  | $ | - |  | 2,685 |  | 6,084 |  | 8,769
Other real estate owned |  |  | - |  | 148 |  | 94 |  | 242
Total assets measured at fair value on a nonrecurring basis |  | $ | - |  | 2,833 |  | 6,178 |  | 9,011
Schedule of estimated fair values of the Company's financial instruments |
|  | September 30, 2018
|  | Carrying |  | Fair |  |  |  |  |  |
(dollars in thousands) |  | Amount |  | Value |  | Level 1 |  | Level 2 |  | Level 3
Financial Assets: |  |  |  |  |  |  |  |  |  |  |
Other investments, at cost |  | $ | 4,929 |  | 4,929 |  | - |  | - |  | 4,929
Loans1 |  |  | 1,591,396 |  | 1,569,385 |  | - |  | - |  | 1,569,385
Financial Liabilities: |  |  |  |  |  |  |  |  |  |  |
Deposits |  |  | 1,589,483 |  | 1,445,228 |  | - |  | 1,445,228 |  | -
FHLB and other borrowings |  |  | 68,500 |  | 68,548 |  | - |  | 68,548 |  | -
Junior subordinated debentures |  |  | 13,403 |  | 14,293 |  | - |  | 14,293 |  | -
|  | December 31, 2017
|  | Carrying |  | Fair |  |  |  |  |  |
|  | Amount |  | Value |  | Level 1 |  | Level 2 |  | Level 3
Financial Assets: |  |  |  |  |  |  |  |  |  |  |
Other investments, at cost |  | $ | 4,462 |  | 4,462 |  | - |  | - |  | 4,462
Loans1 |  |  | 1,359,101 |  | 1,363,915 |  | - |  | - |  | 1,363,915
Financial Liabilities: |  |  |  |  |  |  |  |  |  |  |
Deposits |  |  | 1,381,123 |  | 1,269,462 |  | - |  | 1,269,462 |  | -
FHLB and other borrowings |  |  | 67,200 |  | 67,890 |  | - |  | 67,890 |  | -
Junior subordinated debentures |  |  | 13,403 |  | 13,166 |  | - |  | 13,166 |  | -
1 | Carrying amount is net of the allowance for loan losses and previously presented impaired loans. In accordance with the prospective adoption of ASU No. 2016-01, the fair value of loans as of September 30, 2018 was measured using an exit price notion. The fair value of loans as of December 31, 2017 was measured using an entry price notion.

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- Definition Tabular disclosure of assets and liabilities by class, including financial instruments measured at fair value that are classified in shareholders' equity, if any, that are measured at fair value on a nonrecurring basis in periods after initial recognition (for example, impaired assets). Disclosures may include, but are not limited to: (a) the fair value measurements recorded and the reasons for the measurements and (b) the level within the fair value hierarchy in which the fair value measurements are categorized in their entirety (levels 1, 2, 3). + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 820 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (b) -URI http://asc.fasb.org/extlink&oid=99377789&loc=d3e19207-110258 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 820 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (bbb) -URI http://asc.fasb.org/extlink&oid=99377789&loc=d3e19207-110258 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 820 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (a) -URI http://asc.fasb.org/extlink&oid=99377789&loc=d3e19207-110258 Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 820 -SubTopic 10 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=99377789&loc=d3e19190-110258 + Details
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- Definition Tabular disclosure of the fair value of financial instruments, including financial assets and financial liabilities, and the measurements of those instruments, assets, and liabilities. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 825 -SubTopic 10 -Section 50 -Paragraph 11 -URI http://asc.fasb.org/extlink&oid=109250915&loc=d3e13467-108611 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 820 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (a) -URI http://asc.fasb.org/extlink&oid=99377789&loc=d3e19207-110258 + Details
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- Definition Tabular disclosure of assets and liabilities, including [financial] instruments measured at fair value that are classified in stockholders' equity, if any, that are measured at fair value on a recurring basis. The disclosures contemplated herein include the fair value measurements at the reporting date by the level within the fair value hierarchy in which the fair value measurements in their entirety fall, segregating fair value measurements using quoted prices in active markets for identical assets (Level 1), significant other observable inputs (Level 2), and significant unobservable inputs (Level 3). + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 820 -SubTopic 10 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=99377789&loc=d3e19190-110258 + Details
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